HomeMy WebLinkAboutR91-069 participate in investment trust of coloradoCommissioner �Nu :.T i� r-- a t,-1 moved" adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 91-_1
AUTHORIZING THE COUNTY OF EAGLE, STATE OF COLORADO,
TO JOIN WITH OTHER PUBLIC ENTITIES AS A PARTICIPANT
IN THE INVESTMENT TRUST OF COLORADO, A COLORADO SURPLUS
MONEY POOL (ITC) IN ORDER TO POOL FUNDS FOR INVESTMENT.
WHEREAS, pursuant to C.R.S. 24 -75 -701 et sea., as amended, it
is lawful for any county, city and county, city town, school'
district, or special district ( "Public Entity ") to pool any monies
in its treasury, which are not - immediately_ _required to be dis-
bursed, with the same such monies in the treasury of any other
Public Entity in order to take advantage of short -term investments
and maximize net interest earnings; and
WHEREAS, ITC is a trust formed under the laws of the State of
Colorado in accordance with the provisions of C.R.S. 24 -75 -601 et
seg., C.R.S. 24 -75 -701 et sea., C.R.S. 11- 10.5 -101 et seq., and
C.R.S. 11 -47 -101 et sea., all as amended, for purpose of investing,
pooling for investment, and protecting public funds; and
WHEREAS, County of Eagle, State of Colorado, by and through
its Board of County Commissioners (hereinafter "The County ")
desires to be a Participant in ITC in accordance with the terms
and provisions thereof.
NOW, THEREFORE, the Board of County Commissioners of the
County of Eagle, State of Colorado, by a majority vote, hereby
RESOLVES as follows:
1. That the County hereby approves and adopts, and thereby joins
as a Participant with other Public Entities pursuant to C.R.S.
24 -75 -701 et sea., as amended, that certain Indenture of Trust
entitled the Investment Trust of Colorado, a Colorado Surplus
Money Pool (ITC) dated as of September 27, 1988, as amended
from time to time, the terms of which are incorporated herein
in their entirety by this reference and a copy of which shall
be filed with the minutes of the meeting at which the
Resolution was adopted; and
2. That Sherry Brandon, who is the local government official
empowered to invest the funds in the County treasury, is the
"Treasurer" as that term is defined in the Indenture of Trust,
and as such is hereby designated as the County's official
representative to ITC, and shall serve as a member of the
Board of Supervisors of ITC, and is hereby authorized and
directed to execute the Indenture of Trust and such other
documents as are required, and to serve as a member of the
Board of Trustees if elected by the Supervisory Board; and
3. That Sherry Brandon is hereby authorized to invest from time
to time the monies in The County's treasury which are not
immediately required to be disbursed, in ITC, by purchasing
Shares in ITC from time to time with available funds, and to
redeem some or all of those Shares from time to time as funds
are needed for other purposes.
4. The Board of Trustees of ITC, or their successors in function,
is hereby designated as the official custodian of such funds
as are deposited in ITC by Eagle County during such time or
times as funds may be on deposit with ITC.
The undersigned affirm that they have received the Trust's
Information Statement and Addendum to Information Statement and
Indenture of Trust, and agree to bind the County by the terms
thereof.
The undersigned agree that the certifications, instructions,
and authorizations contained in the attached Trust Registration
Form (which is made a part hereof) will remain in effect until
receipt by the Trust of written notice of change.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the ,13 day of September, 1991.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
Donal H. Welch, Commissioner
-2-
I
Commissioner LIJ QAl seconded adoption of
the foregoing resolution. The roll having been called, the vote
was as follows:
Commissioner George A. Gates%G� P�
Commissioner Richard L. Gustafsoni.,o
Commissioner Donald H. Welch 22
T
This Resolution passed by QA) " j ftf -< vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
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PARTICIPANTS IN INVESTMENT TRUST OF COLOADO
1. Boulder County Treasurer
2. Regents of the University of Colorado
3. City of Broomfield
4. Denver National Bank as Trustee for the University of Colorado Series 1991 -B
5. Denver National Bank as Trustee for the University of Colorado Series 1991 -C
6. Town of Ward
7. Evergreen Fire Protection District General Fund
8. Evergreen Fire Protection District Pension Fund
9. Garfield School District No. RE -2
10. Mountain View Fire Protection District - Bond Account
11. Clear Creek County
12. Wheat Ridge Water District
13. City of Wheat Ridge
14. Valley Water District
15. Southwest Adams County Fire Protection Distict #2
16. Routt County
17. Evergreen Fire Protection District Paid Pension Fund
18. Adams County
19. Weld County
20. Arapahoe County School District #6
21. Milliken Sanitation District
7j, o g, 60
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